Sat. Feb 24th, 2024

La N.-É. is heading towards a smaller deficit than expected

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Nova Scotia Finance Minister Allan Macmaster presents the December budget update.

Radio-Canada< p class="text-medium leading-6 text-gray600 light:text-gray600 dark:text-gray400">Speech synthesis, based on artificial intelligence, makes it possible to generate spoken text from written text.

Nova Scotia's second economic update projects a much smaller deficit than the first in September and even smaller than the one forecast in March when the budget was tabled.

According to the latest financial forecasts, the province will end the year with a deficit of $264 million.

The Ministry of Finance still reports that nearly $800 million of the spending was not included in the budget.

Finance Minister Allan MacMaster says these are unforeseen expenses related to this year's wildfires and floods or expenses to help people to cope with inflation.

If we start to see inflation fall and we don't see extreme weather events in the years to come. These are expenses that will not come back every year, the minister hopes.

Loading in progressEvacuations and rivers under surveillance in the greater Quebec region

ELSE ON INFO: Evacuations and rivers under surveillance in the greater Quebec region< p class="StyledBodyHtmlParagraph-sc-48221190-4 hnvfyV">Despite significant spending, Allan MacMaster explains the reduction in the planned deficit by an increase in revenues and a better idea of ​​planned spending for the different ministries

The province now projects revenue of $14.8 billion that comes mostly from population growth which is estimated at 2.6% this year. A slight decrease compared to last year, but a significant increase which exceeds the March forecasts.

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NDP MP Claudia Chender says Tim Houston's government talks about new spending almost every week, “but to ordinary Nova Scotians, it doesn't make a difference.”

This budget is disappointing again, says NDP Leader Claudia Chender.I think Nova Scotians should be worried because we have huge spending and very little to show for it in return.

In her opinion, all the money invested in health has not made it possible to accelerate access to primary care and what she finds even more disturbing is that the minister brushes aside the concerns of the auditor general regarding the lack of transparency to explain excess spending.

Kim Adair noted that $1.7 billion was spent last year last without legislative control.

In my opinion we are transparent and accountable, defends the minister.

Certainly as transparent and accountable as the last two political parties that served this province were.

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Nova Scotia Liberal Party Leader Zach Churchill is not impressed with the Nova Scotia government's financial management.

Yet Liberal Party Leader Zach Churchill is also concerned about excess spending and its long-term impacts.

< p class="StyledBodyHtmlParagraph-sc-48221190-4 hnvfyV">I'm really concerned about the lack of planning and I'm worried about how much they're going to approve to increase the debt because it's the young people who are going to have to pay.

He criticizes, among other things, the health bonuses which did not attract as many staff as expected.

We don't see improvement in health, housing or even the economy, he says.

I really wonder what the money is for !

Finance Minister Allan MacMaster understands that it takes some time for investments to yield the expected results, but he thinks that the efforts of its government to repair the health system are recognized by those who matter, the professionals who work within this system.

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